Kaveri Seed Company, Mangalam Seed, Godrej Agrovet and Dhanuka Agritech surged up to 11% after Finance Minister Nirama Sitharaman announced a slew of measures to enhance pulses production in the country on Saturday during her budget speech and seed.
Among the measures, Sitharaman announced a 6-year mission for self-reliance in pulses which aims to achieve self-reliance in pulses, with a particular focus on tur and masoor.
Announcements on seeds were also made by the finance minister.
Central agencies such as NAFED and NCCF will be prepared to procure these three pulses from farmers who register with the agencies and enter into agreements. This initiative will run over the next four years, ensuring support and guaranteed procurement for farmers.
Sitharaman who presented her 8th budget announced PM Dhan Dhan Krishi Yojana in partnership with states. The programme will cover 100 districts. The programme aims to achieve growth in agricultural production, crop diversification while augmenting post harvest storage. This is expected to benefit 1.7 crore farmers.
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